Foreign investors hiked stakes in 82 listed firms last Thursday

05/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 82 Tadawul-listed firms on Thursday, May 31, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Tayyar Travel Group, Alujain Corporation and United International Transportation Co. Ltd (Budget Saudi) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Tayyar by 0.27 percent, and in Alujain and Budget Saudi by 0.19 percent and 0.14 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Tayyar

 11.22%

 11.49%

+0.27%

566,055

Alujain

 5.41%

 5.60%

+0.19%

131,480

Budget Saudi

 19.73%

 19.87%

+0.14%

99,633

Malath

 22.12%

 22.23%

+0.11%

55,000

Savola

 4.69%

 4.76%

+0.07%

373,786

 

Meanwhile, Middle East Paper Co. (MEPCO) and Al Hammadi Company for Development & Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.15 of their holdings in each.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

MEPCO

 1.45%

1.30%

(0.15%)

75,000

Al Hammadi

 2.28%

 2.13%

(0.15%)

180,000

Al Wataniya

 11.58%

 11.43%

(0.15%)

30,000

Care

 15.23%

 15.12%

(0.11%)

49,335

Alhokair Group

 3.43%

 3.33%

(0.10%)

55,000

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.